Results 24,301-24,320 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Schemes (16 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. An increase in the supply of new housing is fundamental to...

Written Answers — Department of Finance: Departmental Bodies (16 Jun 2021)

Paschal Donohoe: Since inception, HBFI has provided funding to house builders for over 2,400 homes across 17 counties, comprising of approximately 56% houses and 44% apartments. To be clear, HBFI funds the construction of new homes and does not lend to the end buyers of these homes, whether they be institutional funds, Approved Housing Bodies (AHBs), local authorities or other categories of buyer. Based on...

Written Answers — Department of Finance: Departmental Policies (16 Jun 2021)

Paschal Donohoe: The paper to which the Deputy refers calls for higher levels of borrowing to increase public spending on housing, but it is important that we place this discussion in full context. Last year, a general government deficit of €18½ billion was recorded – the equivalent of nearly 9 per cent of modified gross national income (GNI*). For this year, the Stability Programme...

Written Answers — Department of Finance: Insurance Industry (16 Jun 2021)

Paschal Donohoe: The Deputy will be aware that the Programme for Government includes a commitment to work to remove dual pricing, a form of differential pricing, from the insurance market. In this regard, the Action Plan for Insurance Reform also commits to examine the forthcoming final report and recommendations of the Central Bank Review of Differential Pricing in the Motor and Home Insurance Marketsand...

Written Answers — Department of Finance: Electric Vehicles (16 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of purchasing any vehicles in 2020 or to date in 2021.

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on social media advertising since the beginning of January 2021 until 12 June 2021. A number of bodies under the aegis of my Department have incurred expenditure on social media advertising since January 2021, the details are as follows: The Central Bank of Ireland has paid €66,405 (VAT excl.) since the...

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on social media content production from the beginning of January 2021 to 12 June 2021.

Written Answers — Department of Finance: Departmental Expenditure (17 Jun 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on public relations consultancy since January 2021 to date. A number of bodies under the aegis of my Department have incurred expenditure on public relations consultancy since January 2021, the details are as follows: The National Asset Management Agency (NAMA) has spent €40,000 (VAT excl.) to date since...

Written Answers — Department of Finance: Tax Code (17 Jun 2021)

Paschal Donohoe: In terms of providing a context for the present arrangements, the current structures with regard to tax bands of couples who are married or in civil partnerships has been in place for the last 20 years or so. The previous Commission on Taxation in their 2009 report observed the following: "However, in relation to income tax, a “hybrid” arrangement has been in place since 2000,...

Written Answers — Department of Finance: Departmental Policies (17 Jun 2021)

Paschal Donohoe: Since June 2020, my Department published Budget 2021 in October 2020, the Stability Programme Update forecasts in April 2021 as well as various economic, research and analysis papers to support policy-making, including the launch of the quarterly Economic Insights series. My Department also continues to provide technical input around the economic impact of COVID-19 and the related policy...

Written Answers — Department of Finance: Equality Issues (17 Jun 2021)

Paschal Donohoe: Each year since 2015, my Department has satisfied the target of employing 3% of staff with disabilities and is committed to achieving the revised target of 6% by 2024. The Department’s Disability Liaison Officer works closely with the National Disability Authority to ensure that it is fully compliant with its obligations under the Disability Act 2005. My Department has held awareness...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Jun 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Insurance Industry (22 Jun 2021)

Paschal Donohoe: I propose to take Questions Nos. 212 and 218 together. The Government is conscious of the difficulties facing owners of thatched properties in relation to affordability and availability of insurance. Having said that, the Deputy will appreciate that, neither I, nor the Central Bank of Ireland, have powers around pricing or provision of insurance cover. These are commercial matters for...

Written Answers — Department of Finance: Pension Provisions (22 Jun 2021)

Paschal Donohoe: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes, which was introduced in Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. The threshold was initially set at €5 million. It was subsequently reduced to €2.3 million with effect from 7 December 2010 and further reduced to €2 million...

Written Answers — Department of Finance: Tax Avoidance (22 Jun 2021)

Paschal Donohoe: Drafting of the legislation to transpose the interest limitation rule or ILR mentioned by the Deputy is ongoing, which makes it difficult to provide a definitive estimate of its likely Exchequer impact. I would also note that the primary purpose of the measure is to improve the robustness of the international corporate tax system as a whole by preventing base-erosion and profit shifting...

Written Answers — Department of Finance: Budget 2021 (22 Jun 2021)

Paschal Donohoe: The net carryover effect into 2022 of taxation measures introduced in Budget 2021 was estimated to be in the region of €0.4 billion.The majority of this figure related to the conclusion of the reduced 9% VAT rate for the tourism sector, which was due to expire at end-2021, with some carryover impact into the following year. As the Deputy will be aware, the Government announced in...

Written Answers — Department of Finance: Tax Code (22 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the estimated yield from increasing the Excise on diesel by a range of amounts is shown on page 22 of Revenue’s Ready Reckoner which can be located at the following link: . The yield from a five cent per litre increase is estimated at €137m per annum. Based on the volume of diesel on which claims were received in previous years, the cost of using the...

Written Answers — Department of Finance: Tax Code (22 Jun 2021)

Paschal Donohoe: The Programme for Government, “Our Shared Future”, states that “from Budget 2022 onwards, in the event that incomes are again rising as the economy recovers, credits and bands will be index linked to earnings. This will be done to prevent an increase in the real burden of income tax, to prevent more low income workers being taken into the tax net because of no changes to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Jun 2021)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the operation of the Employment Wage Subsidy Scheme (EWSS), which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. It provides a flat-rate subsidy to qualifying employers based on the numbers of paid and eligible employees on the employer’s...

Written Answers — Department of Finance: Tax Collection (22 Jun 2021)

Paschal Donohoe: I am advised by Revenue that the table below sets out the amounts collected in Professional Services Withholding Tax (PSWT) for the years 2018, 2019 and 2020. The table also sets out the number of persons that paid PSWT during those years and the average amount paid. Year Gross Collection (€m) No. of Customers Average (€m) 2018...